he may now must solve the long-term debt and recovered the budget deficit. detroit is the largest u.s. city ever put under state control. those are your headlines. i am lauren reed. back to connell. connell: a move lower in stocks. we have noticed some of the french banks. they are all down. dagen: a snowstorm that dumped as much as 2 feet in the northwest. connell: i would rather be over in cyprus. >> good morning. we are tracking it again. parts of illinois being hit with as much as 15 inches of snow. it is as far west as parts of indiana. the highest snowfall totals should be a foot of snow. we do have winter storm warnings in effect. it is because of the wind and snowfall amounts. we actually have been seeing some delays. they are about an hour or so. you could see four-6 inches of snow out here. the central appellations and most of these warnings should expire by tomorrow. that is what we think the storm system will pull out of the northeast leaving behind some quieter conditions. connell: that sounds, well, all right. dagen: tom kloza is coming up with